WTI oil futures gain positive momentum above short-term SMAs Next challenge could occur within the 71.90-72.50 area   WTI oil futures are poised for a bullish start to the new year, having cemented the base around the 66.70 level, which successfully halted selling pressure for the fourth time in December.

NZDUSD continues to trade near its two-year low The bearish trend since September 30 is still dominant Momentum indicators remain bearish NZDUSD is edging slightly lower again today, as the pair continues to trade near its two-year low. Actually, the light liquidity conditions and the reduced appetite for aggressive positioning

Risk sentiment falters US 500 index is in the red again today Momentum indicators could turn bearish The US 500 cash index is trading lower again today, dropping below both its 50-day simple moving average (SMA) and the September 6, 2024 trendline, as risk appetite is faltering in the final

Gold slips but holds above 2,600 Mixed technical signals point to further consolidation Gold is edging slightly lower on Monday, maintaining the tight trading range of the past week amid the thin volumes during the holiday period. From a technical perspective, the precious metal appears to be completing a bullish

EURUSD edges higher for third straight day But unable to break past range ceiling Upside momentum gathers some strength EURUSD has been trading sideways ever since its rebound attempt on December 20 faltered. The range ceiling can be found just below 1.0450, while the floor has been formed slightly above